Episode 89: Singapore - the Economic miracle

The British arrived in Singapore in January 1819 when Sir Stamford Raffles landed on the island, establishing it as a trading post for the British East India Company. Singapore declared independence from Britain in 1963 and became part of Malaysia. Due to political and cultural differences, Singapore separated from Malaysia and became independent in 1965. And that was the start of the economic miracle that saw its GDP multiply from $1 billion in 1960 to approximately $300 billion in 2014.